Mortgage moved higher today, and while the jump was no larger than the one seen on Monday, both were ‘above average’ and both took rates in the wrong direction. In addition, the steady weakness throughout the month of July finally resulted in yesterday’s rates match the highest level in nearly a year. In other words, […]
Highest Rates in Over a Year, But There’s a Silver Lining Read More »
Home prices are surging this month to their highest annual growth rate in 15 months, despite mortgage rates reaching an 11-month high, according to the latest data from Intercontinental Exchange. Processing Content The annual growth rate jumped from 1.3% in June to 1.7% in July, marking the fifth consecutive month of acceleration and the largest
Price gains accelerate despite 6.5%+ rates Read More »
Altisource Portfolio Solutions reported a net loss Thursday morning it plans to recover from by building business in its Hubzu real estate market and mortgage cooperative outside of legacy client relationships with industry giants Rithm and Onity. Processing Content The net loss of $562,000 million in the second quarter was down $17.1 million from the
Altisource in the red for Q2, looks to diversify clientele Read More »